XCHG Limited Correlations

XCH Stock

13.30 1.40 9.52%

The current 90-days correlation between XCHG Limited American and Graco Inc is -0.24 (i.e., Very good diversification). The correlation of XCHG Limited is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

XCHG Limited Correlation With Market

Good diversification

The correlation between XCHG Limited American and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XCHG Limited American and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XCHG Limited American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with XCHG Stock

0.69	B	Barnes Group	Pair Corr
0.66	JBT	John Bean Technologies	Pair Corr
0.65	MIR	Mirion Technologies	Pair Corr

Moving against XCHG Stock

0.46	AOS	Smith AO	Pair Corr
0.45	RR	Richtech Robotics Class	Pair Corr
0.45	CVV	CVD Equipment	Pair Corr
0.4	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	GGG	FELE	FLS	DCI	ITW	PNR	PH	AOS	CXT
GGG		0.85	0.8	0.71	0.86	0.8	0.89	-0.14	0.05	GGG
FELE	0.85		0.77	0.77	0.73	0.64	0.78	-0.03	0.11	FELE
FLS	0.8	0.77		0.89	0.92	0.91	0.95	-0.46	-0.22	FLS
DCI	0.71	0.77	0.89		0.84	0.8	0.87	-0.43	-0.03	DCI
ITW	0.86	0.73	0.92	0.84		0.94	0.96	-0.36	-0.17	ITW
PNR	0.8	0.64	0.91	0.8	0.94		0.94	-0.44	-0.22	PNR
PH	0.89	0.78	0.95	0.87	0.96	0.94		-0.47	-0.09	PH
AOS	-0.14	-0.03	-0.46	-0.43	-0.36	-0.44	-0.47		0.01	AOS
CXT	0.05	0.11	-0.22	-0.03	-0.17	-0.22	-0.09	0.01		CXT
	GGG	FELE	FLS	DCI	ITW	PNR	PH	AOS	CXT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PH	+ 0.96	ITW
PH	+ 0.95	FLS
PNR	+ 0.94	ITW
PH	+ 0.94	PNR
ITW	+ 0.92	FLS
PNR	+ 0.91	FLS

High negative correlations

AOS	- 0.47	PH
AOS	- 0.46	FLS
AOS	- 0.44	PNR
AOS	- 0.43	DCI
AOS	- 0.36	ITW
CXT	- 0.22	PNR

Risk-Adjusted Indicators

There is a big difference between XCHG Stock performing well and XCHG Limited Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze XCHG Limited's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GGG	0.88	0.03	0.05	0.15	0.81	(0.99)	1.69	(1.47)	7.51
FELE	1.19	(0.08)	0.01	0.08	1.44	(1.37)	2.34	(1.54)	11.41
FLS	1.39	0.17	0.16	0.22	1.21	(1.55)	3.04	(2.22)	10.24
DCI	0.81	(0.04)	(0.05)	0.08	0.96	(0.92)	1.89	(1.67)	4.88
ITW	0.79	0.06	0.06	0.19	0.63	(0.99)	1.53	(1.33)	4.73
PNR	0.89	0.27	0.28	0.46	0.43	(1.12)	2.15	(1.08)	5.49
PH	0.93	0.11	0.15	0.19	0.82	(1.12)	2.18	(1.25)	11.35
AOS	1.11	(0.23)	0.00	(0.20)	0.00	0.00	2.11	(2.61)	10.28
CXT	1.27	(0.11)	(0.01)	0.06	1.90	(1.20)	3.21	(2.41)	10.37

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